Northrim Bank Property, Anchorage, Alaska
In December 2016, Northrim Bank sent out a Request for Proposals to a select list of developers, looking to sell their property at Northern Lights Boulevard and Spenard Road. The developer must build a smaller branch bank, while keeping the existing bank open. Irwin Development Group was selected as the developer.
IDG has proposed buying the 1.6-acre parcel and building a 1,500-squre foot branch in-line in a new building to be attached to the existing branch. The addition shall also include approximately 4,500 square feet in the ground floor addition as retail space. Above the new retail will be four floors of one-bedroom apartments (48 units) and rooftop open space for the residents. In the basement of the existing bank will be storage rooms, an exercise room and a great room for use by the apartment dwellers.